The United States labor market has been in a downfall since the financial collapse a few years ago. Despite the Obama administration claiming that it has improved, the fact is is that millions of Americans – young, middle-aged and old – can’t find work, and many are suffering from chronic unemployment. A new study released […]
Archives for September 2014
Richard Fisher, Charle Plosser to retire from Federal Reserve
Over the years, the Federal Reserve has had two consistent dissenters of its current monetary policy initiatives. They also recently made headlines for criticizing the United States central bank for its present direction. It seems they may have had enough of the destruction being committed by Fed Chair Janet Yellen and her cohorts. Charles Plosser, […]
How much did $1 used to buy you? (infographic)
A buck used to buy quite a bit. Nowadays, a buck buys a nickel’s worth. This infographic looks at how much $1 used to purchase, including four movie tickets (1941), three gallons of whiskey (1810), two pounds of coffee (1808), 10 Hershey’s bars (1973) and one gallon of gasoline (1998). Now, a buck can acquire […]
Peter Schiff takes on Joe Weisenthal in battle of Fed haters, cheerleaders
Peter Schiff, president of Euro Pacific Capital, took on Joe Weisenthal, chief executive editor of the Business Insider, in a battle described by CNBC as Fed Haters vs. Fed Cheerleaders. When you watch the eight-minute video, be sure to monitor the “Are the Fed haters wrong?” counter: when the show begins it’s 99 (yes) to […]
Marc Faber: ‘We have a bubble in everything, everywhere’
Marc Faber, editor and publisher of the Gloom, Boom & Doom Report, has been consistent in forewarning about the growing abundance of bubbles in every element of the stock market and global economy. Where are the bubbles? According to Faber, everywhere. Speaking in an interview with CNBC on Friday, the contrarian investor warned “we have […]